Crypto market just wiped out nearly $24B in market cap as risk sentiment turned cautious. 📉
$BTC slipped below $64K, trading around the $63K zone, while
$ETH ,
$SOL $XRP and other major assets followed lower.
The trigger? A broader risk-off move after a global semiconductor sell-off hit tech markets. But crypto weakness was already building:
• Spot Bitcoin ETFs saw nearly $476M in net outflows over three sessions
• Traders reduced risk ahead of the Fed’s policy decision
• Momentum weakened after BTC struggled to break higher
This move shows how connected crypto has become with broader m